127
127
Apr 24, 2013
04/13
by
CNBC
tv
eye 127
favorite 0
quote 0
when you are in that slow environment, revenues will be slow. this is why i pull my hair at people and say the revenue is at 2%. in a slow environment, i don't see change in the growth pat fern, you will have slow revenues. look, it's happening again this quarter. you are up 7% actual. that is a surprise. i know some misses and so forth, but whenever i see people, it's almost like sour grapes. give the company some credit for working some magic on the revenues they have. don't penalize them for the fact the world economy and the u.s. economy is not good go take away the qe. take away the fact there are no other good alternatives. >> i'll take away the qe. it's not a coincidence profits have gone up almost the same amount precisely as stocks. qe is there. extra low interest rates are there. qes in my humble opinion hasn't worked t. money supply hasn't created the growth. >> it's worked for the market. it hasn't worked for the economy, it's worked for the market. >> one reason the interest rate is low because the economy is lousy. i want to give t
when you are in that slow environment, revenues will be slow. this is why i pull my hair at people and say the revenue is at 2%. in a slow environment, i don't see change in the growth pat fern, you will have slow revenues. look, it's happening again this quarter. you are up 7% actual. that is a surprise. i know some misses and so forth, but whenever i see people, it's almost like sour grapes. give the company some credit for working some magic on the revenues they have. don't penalize them for...
475
475
Apr 23, 2013
04/13
by
CNBC
tv
eye 475
favorite 0
quote 0
we want to save the environment. everybody wants to save the environment. up to 20% of your energy bills at the same time. here's the opportunity. try the world's first learning thermostat. for those who don't know about nest this is one of the very cool products out there. you say you're about to buy one. >> yeah. i like the fact that it learns. it knows what your tendencies are. it's 70 degrees. it goes to 63 at night. you don't have to mess with it. it's less work. >> you're teaming up with energy companies. >> what is learning thermostat? what we do is we watch your patterns. you just turn it up at night, turn it down to when you go to work and what have you. through those patterns, after three or four days, we have learned your schedule. and we program it. so you don't have to program the thermostat yourself. only 11% of the quarter billion thermostats are actually programmed to save any energy because they're too difficult to use. so we just learned based on the adjustments. >> it learns by the temperature you put in. it might have a sensors and knows
we want to save the environment. everybody wants to save the environment. up to 20% of your energy bills at the same time. here's the opportunity. try the world's first learning thermostat. for those who don't know about nest this is one of the very cool products out there. you say you're about to buy one. >> yeah. i like the fact that it learns. it knows what your tendencies are. it's 70 degrees. it goes to 63 at night. you don't have to mess with it. it's less work. >> you're...
188
188
Apr 16, 2013
04/13
by
CNBC
tv
eye 188
favorite 0
quote 0
>> gold i think is a little bit more tricky in this kind of environment. because the shake out that we've seen will sort of dent sentiment on a multi month basis going forward. so i think we sort of tend to prefer things such as bunds where we see 10-year bund yields coming down to below 1 is% in the next six months. treasuries where we sort of see this combined with the continued fed qe purchases producing a move down to 11 is.3% yield. so i think those are the kind of clearer plays that exit in this type of environment. >>> and just talk about spanish bond markets. six-month t bill, it's 0.82 on march 12th. i'm looking for the 12-month yield. 1.274, 1.4%, so t-bill is still coming lower, michael. >> that very much reflects current market conditions and the liquidity phase that we've been in in global markets. this can probably carry for another week or two, but then i think increasingly as we sort of get into the spring and see the economic data continue to remain completely stuck in recession for europe, questions are going to start to be raised and i t
>> gold i think is a little bit more tricky in this kind of environment. because the shake out that we've seen will sort of dent sentiment on a multi month basis going forward. so i think we sort of tend to prefer things such as bunds where we see 10-year bund yields coming down to below 1 is% in the next six months. treasuries where we sort of see this combined with the continued fed qe purchases producing a move down to 11 is.3% yield. so i think those are the kind of clearer plays that...
142
142
Apr 18, 2013
04/13
by
CNBC
tv
eye 142
favorite 0
quote 0
it looks like the chief of production goals from unconventional shell plays, i think the environment going forward has never looked brighter for u.s. infrastructure. >> i think et was yesterday someone said nat gas is the new safe haven, suddenly this is start to go look a little more price afforded. any view on that? >> i think that dmodty prices, a broader view, i think that peak energy, we believe in just the opposite at yorkville. we think energy prices will probably be the growth driver of the global economy. it has a lot of implications. it's very good for the u.s. and our consumers. it's very good for china. >> you say peak energy in terms of we're going to see declines -- >> i think we're going to see stability. the new energy supplies coming online are more expensive to extract from the ground, so you're not going to get back to $20 a barrel oil in our lifetime. but this $80 to $11 is 00, peaking at $120 dropping to $60 is probably a new range in the u.s. i see natural gas, it's at 350 right now, roughly, $4 to $6 range, $16 in japan, mid teen prices in germany. that's givin
it looks like the chief of production goals from unconventional shell plays, i think the environment going forward has never looked brighter for u.s. infrastructure. >> i think et was yesterday someone said nat gas is the new safe haven, suddenly this is start to go look a little more price afforded. any view on that? >> i think that dmodty prices, a broader view, i think that peak energy, we believe in just the opposite at yorkville. we think energy prices will probably be the...
121
121
Apr 22, 2013
04/13
by
CNBC
tv
eye 121
favorite 0
quote 0
we will shine the spotlight on issues related to the environment. go green campaign now in its sixth year. it educates consumers on how their own behavior affects the state of the planet. we have been watching futures this morning. they are sharply higher after watching what was the worst week for the markets in many, many months last week. dow up 60 points above fair value. our guest host is gary kaminsky. and morgan stanley wealth management. we will hear from both of them. we will get the numbers from caterpillar. looking for $1.40 a share on $13.7 billion. an hour from now we will ask caterpillar ceo of about the heavy equipment maker's quarter. it tells you an awful lot what they are sewing in the global economy. and boeing could get formal approval to return the grounded 787 jet to the air. the battery system is the issue that caused it to be taken out of service in the first place. gas prices are continuing to drive. the latest lumberg survey shows prices down 11 cents the last two weeks. and the average price of regular gasoline is now $3.54
we will shine the spotlight on issues related to the environment. go green campaign now in its sixth year. it educates consumers on how their own behavior affects the state of the planet. we have been watching futures this morning. they are sharply higher after watching what was the worst week for the markets in many, many months last week. dow up 60 points above fair value. our guest host is gary kaminsky. and morgan stanley wealth management. we will hear from both of them. we will get the...
580
580
Apr 16, 2013
04/13
by
CNBC
tv
eye 580
favorite 0
quote 0
how do you see the regulatory environment playing out? and how are you going to improve margins in this scenario? >> actually, my margins improved by 140 basis points over the quarter. so we had a record margin for the first quarter. so over a 40% margin. i was asked specifically, can our margins even improve more, and i said, well, we have a lot of pressures on regulatory issues. we're reinvesting in our company by hiring more people. so i was just being cautionary. but to answer your question, our margins have had improved year after year. they're going to improve from 2012 into 2013. i believe our business model will allow margins to improve, despite, despite, we're spending at more money on lawyers, spending a lot more time working with our regulators. and i think this is just the cost of doing business moving forward. >> we'll leave it there. larry, always wonderful to have you on the program. thanks so much for your time. >> thanks, maria. >> larry fink, black rock. we have a market up 112 points. we are still waiting on answers com
how do you see the regulatory environment playing out? and how are you going to improve margins in this scenario? >> actually, my margins improved by 140 basis points over the quarter. so we had a record margin for the first quarter. so over a 40% margin. i was asked specifically, can our margins even improve more, and i said, well, we have a lot of pressures on regulatory issues. we're reinvesting in our company by hiring more people. so i was just being cautionary. but to answer your...
552
552
Apr 19, 2013
04/13
by
CNBC
tv
eye 552
favorite 0
quote 0
you can't bet on what you think in an environment like this. you've got to understand that if there is a network, we can't pretend that there's not. so when you're looking at these two kids, to me, everything that they did suggests that they're amateurs. where they placed the weapon, the fact that they didn't o obscure themselves when they walked down the street, the primitive nature of the explosives. but we've been focused on these two spiders, most media is not talking about the search for the spider web. did they get training, did they get weapons, did they get travel? >> neither of these suspects are on a watch list or were on a watch list. the older brother goes to russia, comes back, starts posting videos online about islam, about terrorism. did we miss this? was there something where we should have actually been able to know? >> posting videos is a free speech issue, and if were still in the fbi, we would be very cautious about looking at something like that. because you're allowed to be a radical in this country. this country is based
you can't bet on what you think in an environment like this. you've got to understand that if there is a network, we can't pretend that there's not. so when you're looking at these two kids, to me, everything that they did suggests that they're amateurs. where they placed the weapon, the fact that they didn't o obscure themselves when they walked down the street, the primitive nature of the explosives. but we've been focused on these two spiders, most media is not talking about the search for...
137
137
Apr 17, 2013
04/13
by
CNBC
tv
eye 137
favorite 0
quote 0
i don't know if we can get back to what is a normalized environment. what does that even mean? i can't value it. i don't know how to value. >> i think it's interesting, the mainstream press. the front page of the washington post is the spring swoon and how we cannot seem to escape this economic decline and we've seen the past couple of springs and the front page of the journal is walmart and kohl's taking more time to pay their supplier, a trend they say is getting worse. those are not marginal positives, jim. i look at bank of america. i look at j.p. morgan and i say i'll pay 83.5 for 50,000 j & j. the trade is i don't want to mess with the stuff. proctor, look, he's making the quarter. he's going to make the quarter. >> raw costs coming down and coca-cola, by the way. raw costs are coming down, but they will come down. another one that is just where people are hiding. david, it's hide and don't seek. >> it is, but to carl's point, we've come out of the last few years and animal spirits start to feel strong. >> right. underlying economic growth is strong and everyone is revisi
i don't know if we can get back to what is a normalized environment. what does that even mean? i can't value it. i don't know how to value. >> i think it's interesting, the mainstream press. the front page of the washington post is the spring swoon and how we cannot seem to escape this economic decline and we've seen the past couple of springs and the front page of the journal is walmart and kohl's taking more time to pay their supplier, a trend they say is getting worse. those are not...
316
316
Apr 16, 2013
04/13
by
CNBC
tv
eye 316
favorite 0
quote 0
in order to do that you need an environment good for business. and i think they have all lost sight of that. it's not about taxes, redistribution. >> are you looking for a quick fix? >> there's no quick fix to this. there's a very difficult fix to this and things if both sides will have to do that are uncomfortable in the short run. lying about it isn't going to make it better. by saying social security, medicare, medicaid aren't in trouble, is not going to make it better. >> working so well. >> despicable. >> bob, thank you for coming in today. >> thank you. >> j.j., rick, see you soon. thank you. >> always a pleasure. >> our guest host will be with us the rest of the show. >> very excited this morning. >> tell us what you really think. coming up, more on goldman sack's earnings report. beating the streets expectations by 40%. up next, reaction from financial sector analysts. the one and only dick bove. ♪ ♪ the new blackberry z10 with time shift and blackberry balance. built to keep you moving. see it in action at blackberry.com/z10 ♪ [ la
in order to do that you need an environment good for business. and i think they have all lost sight of that. it's not about taxes, redistribution. >> are you looking for a quick fix? >> there's no quick fix to this. there's a very difficult fix to this and things if both sides will have to do that are uncomfortable in the short run. lying about it isn't going to make it better. by saying social security, medicare, medicaid aren't in trouble, is not going to make it better. >>...
127
127
Apr 17, 2013
04/13
by
CNBC
tv
eye 127
favorite 0
quote 0
. >> demand environment played out as we expected and i think the company executed well. as i just heard john say, we saw nice growth in our data center business. it was up 7% year on year. and within the overall market for computing, we're seeing nice growth and there's obviously a transition going on there. i think we're well positioned for that as well. >> intel shares closed up less than 1% and moving around after hours. also up a little less than 1% in frankfurt this morning which is no small feat considering germany's market is down by better than 1% as we speak. yahoo! first quarter rose and beat forecasts but revenue was flat and shy of estimates as the company feels the impact of declining web traffic and display ad sales fell for the second straight quarter down 11%. yahoo! is also projecting second quarter revenues that fell short of analysts expectations. ceo marissa mayer says her plans to reverse the trend is still on track and will show results in the second half of the year. she cautions it will be years before yahoo! grows at the rate of rivals of google
. >> demand environment played out as we expected and i think the company executed well. as i just heard john say, we saw nice growth in our data center business. it was up 7% year on year. and within the overall market for computing, we're seeing nice growth and there's obviously a transition going on there. i think we're well positioned for that as well. >> intel shares closed up less than 1% and moving around after hours. also up a little less than 1% in frankfurt this morning...
152
152
Apr 16, 2013
04/13
by
CNBC
tv
eye 152
favorite 0
quote 0
so volumes were flat, you know, in the environment that they're dealing with, it's not bad. it's a sequential improvement versus what they did in the fourth quarter. they drive a huge piece of their volume and they've got a lot of big businesses in traditional western and southern europe een marks where the economists are doing very poorly. i think they're working incredibly hard. flat isn't a bad result. germany continues to be the better performer out of these marks although great britain was also up which was somewhat encouraging and markets like spain and italy and to a lesser extent, france, they just got so many economic headwinds, flat is not that bad and it's the new up, as they say. ? your price target is $43 which is basically where we are at the moment and what is the best way of making the best dividend in your you know verse. they've had a phenomenal run and we're seeing everybody move in and each with the move today coke is still slightly underperforming the group and there's been this fun flow issue. what you have to look at is some of the staples names and th
so volumes were flat, you know, in the environment that they're dealing with, it's not bad. it's a sequential improvement versus what they did in the fourth quarter. they drive a huge piece of their volume and they've got a lot of big businesses in traditional western and southern europe een marks where the economists are doing very poorly. i think they're working incredibly hard. flat isn't a bad result. germany continues to be the better performer out of these marks although great britain was...
151
151
Apr 23, 2013
04/13
by
CNBC
tv
eye 151
favorite 0
quote 0
we act in an environment where we have large export content. so the world is our market, basical basically, more than europe. >> okay. we'll leave it there. jan erik back. thank you very much. >>> apple will report results today amid the company's free fall in stocks in recent weeks. analysts expect apple will post its year on year decline in a decade. revenue is expected to hit a record but with growth of only on 8% for sales which will be one of the weakest increases in several quarters. the company is hurt by soft demand for the iphone and lower profit margins on the ipad. apple closed about $398 on monday. the stock is down 42% since hitting a record high over $700 in september. so will the company's results leave a sour taste with investors? we'll preview the tech giant's earnings with the editor in about 15 minutes' time. >>> meanwhile, netflix's first quarter profits easily beat forecasts as they reported solid subscriber growth. the company added 2 million new customers for its $8 a month streaming service. the company expects subscribe
we act in an environment where we have large export content. so the world is our market, basical basically, more than europe. >> okay. we'll leave it there. jan erik back. thank you very much. >>> apple will report results today amid the company's free fall in stocks in recent weeks. analysts expect apple will post its year on year decline in a decade. revenue is expected to hit a record but with growth of only on 8% for sales which will be one of the weakest increases in several...
166
166
Apr 22, 2013
04/13
by
CNBC
tv
eye 166
favorite 0
quote 0
so it's hard to see the global economy breaking out of the slow to modest growth environment. interest rates we think will stay pretty low. that overall is a reasonably attractive back drop for companies to deliver okay earnings growth. and so we can take earnings disappointments as long as it's minor. but as you say, it is a gdp and an earnings cliff, then we return to late '07/'08 type markets. we don't think it's going to happen, though. >> jonathan, it's ross here. what would you describe as okay earnings growth? >> well, i mean, okay in the context of the last six to nine months has been earnings estimates coming down week after week after week after week. the aggregate impact of that, though, is that european earnings growth expectations for 2012, remember those numbers are not finalized until we see the full years coming in the first part of this year. analyst expectations started last year around plus 10% and then our minus 3%. that's quite a big shift down when you put that into context of what we saw in 2008 where the earnings estimates went from plus 20 to minus 50%
so it's hard to see the global economy breaking out of the slow to modest growth environment. interest rates we think will stay pretty low. that overall is a reasonably attractive back drop for companies to deliver okay earnings growth. and so we can take earnings disappointments as long as it's minor. but as you say, it is a gdp and an earnings cliff, then we return to late '07/'08 type markets. we don't think it's going to happen, though. >> jonathan, it's ross here. what would you...
148
148
Apr 19, 2013
04/13
by
CNBC
tv
eye 148
favorite 0
quote 0
we hold the meaning of patriots day in history and the boston marathon to celebrate that in a family environment in a fun way. other people look at us differently. they look at patriotism as their enemy. they look at inon sense americans as targets. we are in a war here and we've got to deal with it accordingly. >> mayor, if you had to pinpoint some of issues, you bring up some of the difficulties in some of the ways that americans have to grapple with the idea of losing freedom, but also the idea of making sure that you feel secure in any of these areas. we talked to an analyst this morning who pointed out that the largest population of north secaucus former residents have to be in watertown, massachusetts, this is where this is all taking out and you live in a town that's a melting pot and has been for a long time. does that make it more difficult? >> boston area diversity has always been its strength, a large, young, student population, many from foreign countries have been our strength over the past years, over the past many years, but today we are vulnerable from international terrorist org
we hold the meaning of patriots day in history and the boston marathon to celebrate that in a family environment in a fun way. other people look at us differently. they look at patriotism as their enemy. they look at inon sense americans as targets. we are in a war here and we've got to deal with it accordingly. >> mayor, if you had to pinpoint some of issues, you bring up some of the difficulties in some of the ways that americans have to grapple with the idea of losing freedom, but also...